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CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:        
Net loss $ (4,831) $ (4,456) $ (4,083) $ (9,416)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation of premises and equipment 100 100 157 128
Amortization of developed software 1,500 3,000 2,580 5,980
Amortization of other intangible assets 100 100 160 160
Impairment of software assets 0 0 50 0
Provision for bad debt     400 257
Share-based compensation expense     (174) 1,358
Loss/(gain) on fair value of private warrant liability 162 (595) 54 (2,016)
Changes in operating assets and liabilities:        
Accounts receivable     2,476 920
Prepaid expenses and other current assets     1,766 (1,666)
Other assets     0 72
Accounts payable and accrued liabilities     (555) (1,403)
Deferred revenue     (1,175) 1,562
Net Cash provided by (used in) Operating Activities     1,656 (4,064)
Cash Flows from Investing Activities:        
Development of internal use software     (3,184) (2,935)
Purchases of premises and equipment     (70) (151)
Net Cash used in Investing Activities     (3,254) (3,086)
Cash Flows from Financing Activities:        
Payments related to net settlement of share-based compensation awards     (233) (2,434)
Net Cash used in Financing Activities     (233) (2,434)
Net Decrease in Cash and Cash Equivalents     (1,831) (9,584)
Cash and Cash Equivalents – Beginning     14,288 21,108
Cash and Cash Equivalents – Ending $ 12,457 $ 11,524 12,457 11,524
Supplementary Cash Flow Information:        
Income taxes (refunded) paid, net     (2,282) 27
Noncash Operating, Investing, and Financing Activities:        
Conversion of private warrants to public warrants     0 20
Impairment of software assets     480 0
Impairment of software assets     $ 0 $ 480